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Search Results for: project – Page 77

UNPRECEDENTED TIMES FROM AN INVESTOR APPETITE PERSPECTIVE

The Savills’ “UK Shopping Center and High Street Bulletin, Q4/2014” notes intense activity in the country’s market with increased investor activities and demand for the sector. This trend is expected to continue into the medium term.

REFINANCING FOR BONARKA CITY CENTER

ING Bank Slaski S.A. and ING Bank N.V. have jointly signed a €193 million term loan facility to refinance senior debt related to the Bonarka City Center shopping mall.

UNIBAL-RODAMCO SELLS NOVA LUND

TIAA Henderson Real Estate (TH Real Estate) has exchanged contracts for the acquisition of the Nova Lund shopping center from Uni-bail-Rodamco for €176 million.

SIERRA FUND AND CBRE RETAIL PROPERTY FUND IBERICA SELL LA FARGA

Sierra Fund (a pan-European retail fund in which Sonae Sierra has a stake of 50.1%) and the Retail Property Fund Iberica (RPFI), which is managed by CBRE Global Investors, have sold the La Farga Shopping Center (Hospitalet de Llobregat, Barcelona) to Temprano Capital Partners.

BALMAIN ASSET MANAGEMENT WITH NEW MANAGING DIRECTOR FOR CEE

Ewa Szafranska-Madry has been appointed Managing Director at Balmain Asset Management CEE in Warsaw. In her new function, Ewa Szafranska-Madry will be responsible for the development of the company’s property portfolio in Central and Eastern Europe.

OUTLET SHOPPING: ARE YOU IN OR OUT?

A new breed of outlet shopping malls is emerging. Outlets that no longer sit on the periphery of city life but exist at the heart of an urban development complementing retail parks, shopping centers, and high streets alike. For example the London Designer Outlet.

A VIADUCT AS A NAMESAKE

Southern France will soon have a new shopping destination. Viaduc Village, developed by Etche France Group, will welcome customers from the beginning of 2016.

OUTLET CENTERS ARE ADAPTED TO REGIONS

According to Barbara Topolska, COO of Neinver, the company does not just build open-air centers. Instead, it develops “villages” that draw upon the tradition, history, and architecture of the place in which they are built.

BRINGING TOGETHER EMOTION AND BUSINESS

The next Christmasworld takes place from January 30 to February 3, 2015. Eva Olbrich, Director of Christmasworld, reveals what visitors can expect.

NEW LOOK UNDER THE SIGN OF COLOR AND WATER

The Italian company Cogest Retail manages Tower Center Rijeka in Croatia. In an interview with ACROSS, CEO Carmen Chieregato talks about the daily business and tells us about the upcoming refurbishment.

CREATING DESTINATIONS IN SHOPPING PLACES

As the year 2014 draws to a close, we have seen an unprecedented number of new foodservice locations opening in existing shopping centers. Some of these have taken existing spaces already used for food and beverage and refurbished it significantly, while other projects have taken released retail space and converted its use to foodservice to improve the guest experience.

TARASY ZAMKOWE LAUNCHED IN LUBLIN

The Austrian company Immofinanz Group has completed another retail project in Poland: the Tarasy Zamkowe mall opened in Lublin on March 4, 2015. Its lettable area of 38,000 sq m gives it room for shopping, entertainment, recreation, and leisure activities with a balanced tenant and range mix. The investment amounted to approximately €115 million.

INNO ANTWERP MEIR IN ITS OLD GLORY

Redevco recently celebrated the completed restoration of the Antwerp Inno building. The monumental department store was built in 1901 and has now been restored to its former glory.

AND THE WINNER IS…

Markthal in Rotterdam received the 2015 award for the Best Shopping Center at this year’s MIPIM. The developer, Provast, is rightly overjoyed.

“WE CREATE A BETTER EXPERIENCE FOR GERMAN CUSTOMERS”

Karl Reinitzhuber, head of the mfi management für immobilien AG in Germany, explains in an interview with ACROSS what has changed since France’s Unibail-Rodamco purchased a majority stake in mfi and accelerated the expansion of the shopping center portfolio.

THE EVOLUTION OF RETAIL WAREHOUSING

Retail warehousing in Europe has evolved rapidly as a trading format over the last 30+ years and now accounts for a significant share of both retail floor space and sales volumes. Although retail warehouses were initially developed to service the needs of “bulky goods” retailers, the attraction to shoppers of easy access and convenient free parking soon registered with other retailer groups. Increasingly, fashion, footwear, sports, and household goods retailers have committed to out-of-town formats where planning conditions permit.

HOW SHOPPING CENTRES ARE ADAPTING TO CHANGE

Despite an upturn in the UK shopping center market, few UK towns still warrant retail investment and landlords are looking to refurbishment to drive value. With core retailers still focused on larger hubs, secondtier assets need to ensure they are not left behind.

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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